LAST WEDNESDAY’S (28.09.2011) CLOSE WAS AT 4945.90 (- 25.35 POINTS). THE DAY HIGH WAS 5006.05 AND LOW WAS 4918.45. WEEKLY HIGH IS AT 5168.40 AND THE WEEKLY LOW IS AT 4758.85.
5DMA=4909
9DMA=4993
14DMA=4998
20DMA=5153
50DMA=5254
100DMA=5329
200DMA=5506
INTRADAY POSITIVE WILL BE ABOVE 4960 AND NEGATIVE WILL BE BELOW 4930. IMMEDIATE INTRADAY SUPPORTS ARE AT 4940, 4910 AND 4890 LEVEL. BELOW 4885, EXIT ALL LONGS, IF ANY. IMMEDIATE INTRADAY RESISTANCE ARE AT 4960, 4980, 5015, 5035 AND 5050 LEVEL.
5-DAY RSI AT 46 AND 14-DAY RSI AT 45.16 INDICATES NIFTY IS IN CRITICAL NEUTRAL ZONE. MAY MOVE ON EITHER SIDE.
BUY NIFTY FUTURE ABOVE 4960 FOR TARGET 5000/5015; STOPLOSS BELOW 4940.
SELL NIFTY FUTURE BELOW 4930 FOR TARGET 4910/4890; STOPLOSS ABOVE 4950.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 32.00 INDICATING MORE THAN AVERAGE VOLATILITY. A GAP-UP OPENING IS EXPECTED SUBJECT TO ASIAN MARKETS CONDITION.
NOTE: THE ABOVE CALLS MAY NOT BE TAKEN AS RECOMMENDATIONS. THIS IS ONLY MY VIEW/TRADING IDEA. IT IS ADVISED THAT EACH AND EVERY BLOG VISITORS/TRADERS/INVESTORS DO THEIR OWN RESEARCH AND/OR CONSULT FINANCIAL ADVISERS BEFORE TAKING ANY ACTION ON THE ABOVE MENTIONED CALLS.
